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Thursday, July 28, 2022 3:38:00 AM
Preliminary reserve estimates at the Santa Elena project indicates a tonnage of approximately 1.5 to 5 million tons to a depth of 100 meters on the Julio structure.
From the 10K today. I wonder what the preliminary reserves are - rock? Gravel? Donkey dung?
What's the estimated grade?
And do they mean mineralized material? Or probable reserves? Inferred? Not sure what preliminary means, it is not one of the allowable choices in SK 1300. Reserves are either probable or proven, but there is no meaning to the term "preliminary reserves".
Regardless....let's assume they mean probable. So, where's the technical report to support those reserves estimates? The feasibility study? And who is the QP?
Oh wait, this is Mexus........never mind. No need to follow SEC rules, or show the barest level of professionalism.
Do your own research, use third-party sources, and don't buy into the hype.
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